West Japan Railway (OTCMKTS:WJRYY) Stock Price Up 9% on Better-Than-Expected Earnings

West Japan Railway (OTCMKTS:WJRYY) shares shot up 9% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $21.3950 and last traded at $21.3950. 9,419 shares were traded during trading, a decline of 79% from the average session volume of 45,148 shares. The stock had previously closed at $19.62.

The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. West Japan Railway had a net margin of 6.41% and a return on equity of 9.37%.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded West Japan Railway from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

West Japan Railway Trading Up 9.0%

The stock’s 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $18.88. The stock has a market capitalization of $9.75 billion, a PE ratio of 12.81 and a beta of 0.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.12 and a quick ratio of 0.74.

West Japan Railway Company Profile

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.